Description
Introduce the essential aspects of modern labor economics from an international perspective as Hyclak/Johnes/Thornton’s FUNDAMENTALS OF LABOR ECONOMICS, 3E provides students with a comprehensive survey of economic theory and empirical evidence on purely competitive labor markets. Using a highly accessible approach, the authors examine the impact of imperfect competition, incomplete information and uncertainty, and institutional factors — stemming from government regulation, unions, social norms, and human resource management policies — on wages and employment opportunities. The latest updates and applications address important current issues, such as wage and income inequality, labor market effects of international migration, the impact of occupational licensing on wages and employment, and the labor aspects of today’s “gig” economy. Extensive data, references, and cases provide an international comparative perspective, while a complete support package offers additional instructional support.
